Citizens Jmp Issues Pessimistic Forecast for TPG (NASDAQ:TPG) Stock Price

TPG (NASDAQ:TPG) had its price objective lowered by equities researchers at Citizens Jmp from $75.00 to $68.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s target price would suggest a potential upside of 59.36% from the stock’s previous close.

Several other equities analysts have also weighed in on TPG. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on TPG in a research note on Monday, May 4th. Wall Street Zen upgraded shares of TPG from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. The Goldman Sachs Group restated a “buy” rating and issued a $61.00 target price on shares of TPG in a research note on Tuesday, May 5th. Weiss Ratings lowered TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Morgan Stanley set a $60.00 price target on shares of TPG in a report on Tuesday, April 21st. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.27.

TPG Trading Up 0.1%

Shares of TPG opened at $42.67 on Thursday. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The company has a market capitalization of $16.40 billion, a PE ratio of 193.96, a price-to-earnings-growth ratio of 0.77 and a beta of 1.45. The stock has a fifty day moving average of $42.08 and a two-hundred day moving average of $47.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33.

TPG (NASDAQ:TPG) last released its earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The firm had revenue of $557.18 million for the quarter, compared to the consensus estimate of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, analysts forecast that TPG will post 2.86 EPS for the current year.

Institutional Investors Weigh In On TPG

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in shares of TPG by 12.1% in the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after acquiring an additional 234 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of TPG by 3.1% in the 2nd quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after purchasing an additional 238 shares during the period. Strategic Wealth Partners Ltd. boosted its holdings in shares of TPG by 2.5% during the third quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock worth $589,000 after purchasing an additional 253 shares during the period. CWM LLC boosted its stake in shares of TPG by 22.2% during the 4th quarter. CWM LLC now owns 1,500 shares of the company’s stock valued at $96,000 after buying an additional 273 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TPG by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock valued at $57,000 after purchasing an additional 273 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

TPG News Roundup

Here are the key news stories impacting TPG this week:

• Positive Sentiment: TPG completed its acquisition of Forcepoint’s G2CI cybersecurity business, adding to its private equity platform and potentially creating future value from a strategic asset. TPG completes acquisition of Forcepoint G2CI cybersecurity business
• Positive Sentiment: TPG is part of a consortium acquiring Aseem Infra Finance, signaling continued investment activity and deal execution in infrastructure finance. TPG-led consortium to acquire Aseem Infra Finance
• Positive Sentiment: TPG is also reported to be exploring a possible sale of Hologic’s surgical unit with Blackstone, which could point to a potentially large monetization opportunity if a deal advances. Blackstone, TPG seek over $4 billion for Hologic’s surgical unit
• Neutral Sentiment: Analysts continue to rate TPG around “Moderate Buy,” suggesting broadly constructive sentiment remains in place despite mixed near-term signals. TPG Inc. given average recommendation of Moderate Buy by analysts
• Neutral Sentiment: TPG Angelo Gordon and Blomfield secured a £100 million Leumi UK facility for a UK IOS platform, another sign of ongoing capital deployment activity. TPG Angelo Gordon and Blomfield secure 100m Leumi UK facility
• Neutral Sentiment: A Citizens JMP note lowered TPG’s price target to $68 from $75, which is a mild headwind, but the firm still kept an “outperform” stance. TPG price target lowered to 68.00 at Citizens JMP

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.